Initial Coin Offering(ICO) is one of the crowdfunding technique that raises capital funds for a start-up project or an established business for updates. Instead of taking risks in the capital funds crowdfunding, you can better share the burden with one of the best ICO software development company who is experienced in terms of legal norms and marketing services!
You can step ahead with your kick-start works of projects and reach the pinnacle of success! Before you get into sharing your ICO development burden, look into these quick facts to launch ICO!
Unofficial in some places
Before launching your ICO crowdfunding sale and project, you must analyze the country’s market. Not every country is in favor of the ICO crowdfunding process.
China is one of the giant countries where ICO is illegal. But, in developed countries like America has a dedicated organization like the United States Securities and Exchange Commission(SEC) to look after legitimate processing of ICO and its team.
Everyone has the right to run ICO
Many fraudsters do exist in every sector and they never show-off risks involved in their crowdfunding technique. If the ICO project holders are establishing real-time risks and unexpected things coming in, then they are legitimate. Everyone is a human being, we do swift from promising projects!
ICO tokens provide security in terms of the company’s product purchase. Passionate projects reach their hard cap ICO much easier than any other sector.
Even, if the ICO token price goes down, they can exchange their tokens in return for the company's product or services.
Grades of tokens
ICO tokens are of various grades that are categorized as utility and asset tokens. Let’s peep into those!
Utility tokens are just like our e-commerce platforms voucher that provides a static money value that can be exchanged with the issuing authority in return of products or services.
Asset tokens are similar to the tokens that are issued prior to the development of policies, cryptocurrencies or fiat currencies.
Potential risks do exist
A complete package of promising whitepaper with no potential risks is a great flaw that you could make at the very beginning of the ICO project. Potential and real-time do exist in every project and at least the potential, expected risks in vulnerable areas must be highlighted in white paper documents.
If the team is completely masked about their professionalism and epitome projects, they may be fraudsters. Even the start-up companies with a clear vision stand out from the crowd to establish their team. Beware, there are well-established fraudsters too with flying colors of marketing!
I can layback now!
You would have a clear idea about the facts to look before you share your commitment of ICO to the software development company! Leave us a line in the comments page below about your chaos regarding ICO’s, we will refine them!